Investors who had placed bullish bets on cryptocurrencies have faced significant losses totaling $860 million due to liquidations, as the prices of major digital assets such as Ethereum (ETH), Bitcoin (BTC), XRP, and Dogecoin (DOGE) experienced a sharp decline of 9%. This downturn in the market highlights the volatility and risk associated with trading in cryptocurrencies, where rapid price fluctuations can lead to substantial financial consequences for those holding leveraged positions.
source: https://www.coindesk.com/markets/2025/08/15/bullish-bets-lose-usd860m-to-liquidations-as-eth-btc-xrp-doge-price-drop-9